BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against MEXC−0.035%64s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.539% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.147%−$15 · spread now −0.035%, 7d avg +0.005%

Together, before fees−0.155%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.040% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BIO_USDT	0.02870	0.0100	pay 0.0050% / 4h	40m 02s	$404K	$133K	20x
Short	BloFin BIO-USDT	0.02869	0.0058	get 0.0029% / 4h	40m 02s	$262K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BloFinbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$8.78
Price spread: −0.035% → +0.005%: −$3.98
Slippage, 4 orders: −$37.94
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$66.7
Costs to cover: 0.539%
Break-even: never at this rate

Slippage from MEXC: live order book, 65 min ago; BloFin: live order book, 59 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 65 min ago	1.72 bp	9.6 bp −$10	30.6 bp −$306	209.4 bp −$20.9K	285.2 bp −$142.6K
Sell BloFin live order book, 59 min ago	6.91 bp	20.6 bp −$21	39.5 bp −$395	doesn't fit	doesn't fit

BIO on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BIOUSD	−0.1165%	1h	0.02871	+0.036%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0093%	4h	0.02873	+0.098%	$21K	$104K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0020%	4h	0.02866	−0.139%	$1.1M	$2.2M	20x	as long as short
BloFin BIO-USDTshort	+0.0058%	4h	0.02869	−0.035%	$262K	$7K	50x
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02870	0.000%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02875	+0.178%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02874	+0.122%	$750K	$223K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02869	−0.044%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02873	+0.105%	$2.2M	$2.6M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02871	+0.035%	$1.4M	$290K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDTlong	+0.0100%	4h	0.02870	long leg	$404K	$133K	20x
KuCoin BIOUSDTM	+0.0100%	4h	0.02874	+0.139%	$563K	$116K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02870	0.000%	$1.3M	$556K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02870	0.000%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02869	−0.036%	$33K	$66K	—	as long as short